Europe News Newswire All Government Levels Best Practices

The UK Government has taken a firm hand with firms that have consistently broken the Prompt Payment Code and they have been removed or suspended from the late payment scheme for failing to comply. The Prompt Payment Code was established as a voluntary scheme which firms sign up to as part of a pledge to pay 95% of suppliers within 60 days in the public sector’s drive to crack down on late payments – in particular to shield SMEs from the late payment scourge. Both SAP Ariba and Efficio have responded to the action here.

 

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